Greatland Gold (UK) Market Value
| GGP Stock | 7.24 0.01 0.14% |
| Symbol | Greatland |
Greatland Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Greatland Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Greatland Gold.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Greatland Gold on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Greatland Gold plc or generate 0.0% return on investment in Greatland Gold over 30 days. Greatland Gold is related to or competes with Coeur Mining, Blackrock World, GoldMining, UNIQA Insurance, Endeavour Mining, and Hochschild Mining. Greatland Gold is entity of United Kingdom More
Greatland Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Greatland Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Greatland Gold plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.25 | |||
| Information Ratio | 0.0186 | |||
| Maximum Drawdown | 30.3 | |||
| Value At Risk | (6.57) | |||
| Potential Upside | 8.23 |
Greatland Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greatland Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greatland Gold's standard deviation. In reality, there are many statistical measures that can use Greatland Gold historical prices to predict the future Greatland Gold's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.1916 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0155 | |||
| Treynor Ratio | 0.8706 |
Greatland Gold plc Backtested Returns
Greatland Gold appears to be relatively risky, given 3 months investment horizon. Greatland Gold plc holds Efficiency (Sharpe) Ratio of 0.0444, which attests that the entity had a 0.0444% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Greatland Gold plc, which you can use to evaluate the volatility of the firm. Please utilize Greatland Gold's Downside Deviation of 6.25, market risk adjusted performance of 0.8806, and Risk Adjusted Performance of 0.0429 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Greatland Gold holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greatland Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greatland Gold is expected to be smaller as well. Please check Greatland Gold's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Greatland Gold's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Greatland Gold plc has very good reverse predictability. Overlapping area represents the amount of predictability between Greatland Gold time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Greatland Gold plc price movement. The serial correlation of -0.67 indicates that around 67.0% of current Greatland Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Greatland Gold plc lagged returns against current returns
Autocorrelation, which is Greatland Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Greatland Gold's stock expected returns. We can calculate the autocorrelation of Greatland Gold returns to help us make a trade decision. For example, suppose you find that Greatland Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Greatland Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Greatland Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greatland Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greatland Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Greatland Gold Lagged Returns
When evaluating Greatland Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greatland Gold stock have on its future price. Greatland Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Greatland Gold autocorrelation shows the relationship between Greatland Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Greatland Gold plc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Greatland Stock
Greatland Gold financial ratios help investors to determine whether Greatland Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Greatland with respect to the benefits of owning Greatland Gold security.